Supreme Consolidated Resources Bhd

Supreme Consolidated Resources Bhd

MMYX:SUPREME
0.20
MYR
+0.01
(+2.56%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Tay Pick Chong
Sector
Distribution services
Industry
Food distributors
Address
Kuching Malaysia
IPO Date
Nov 29, 2024
Business
Supreme Consolidated Resources Bhd is an investment holding company that operates as a fast-moving consumer goods distributor, specializing in the wholesale, warehousing, and temperature-controlled logistics of food and beverage products. Founded in 1991 and headquartered in Kuching, Sarawak, Malaysia, the company primarily serves the East Malaysian market across Sarawak and Sabah. The company distributes a diverse portfolio across four main product categories: frozen food products, comprising frozen beef, buffalo meat, poultry, lamb, seafood, processed meat items, and frozen potatoes; chilled dairy and beverage products, including butter, cheese, milk, cream, yogurt, and chilled fruit juices; ambient and dry grocery products, encompassing canned provisions, cooking oils, flour, rice, sauces, condiments, pasta, baking ingredients, confectionery, and seasonings; and non-food household goods. Supreme Consolidated Resources Bhd distributes both agency-represented global and domestic brands, as well as proprietary in-house brands, including Supreme and Siang-Siang. Complementing its distribution operations, the company provides integrated cold chain logistics and supply chain services; temperature-controlled cold room and ambient warehousing storage; repacking and labeling services; and customized distribution management to a broad customer base that includes hypermarkets, supermarkets, mini markets, grocery stores, wholesalers, and food service operators such as hotels, restaurants, bakeries, and cafes. In recent developments, the company successfully transferred its listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad in November 2024 via an initial public offering to accelerate its regional growth; invested proceeds into the construction and commissioning of a new, expanded central distribution center and cold storage facility in Kuching to significantly increase pallet capacity; and continued to expand its commercial footprint across Borneo by onboarding new international food and beverage agency brands while growing the product range of its private labels.